TCF Financial (NYSE:TCF) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday, Marketbeat reports. The brokerage presently has a $26.00 target price on the bank’s stock. BMO Capital Markets’ target price would suggest a potential upside of 22.64% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Jefferies Group reissued a “hold” rating on shares of TCF Financial in a report on Thursday, February 1st. Zacks Investment Research raised shares of TCF Financial from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, January 2nd. Wells Fargo & Co cut shares of TCF Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 31st. Barclays cut shares of TCF Financial from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $23.00 to $22.00 in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. cut shares of TCF Financial from a “neutral” rating to an “underweight” rating and set a $22.00 price objective for the company. in a report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $21.58.
Shares of TCF Financial (NYSE:TCF) traded up $0.70 during trading on Friday, hitting $21.20. 2,566,442 shares of the company traded hands, compared to its average volume of 1,329,874. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. TCF Financial has a 12-month low of $14.58 and a 12-month high of $22.42. The stock has a market capitalization of $3,519.22, a PE ratio of 14.72, a PEG ratio of 1.47 and a beta of 1.21.
Several hedge funds have recently added to or reduced their stakes in TCF. Dimensional Fund Advisors LP purchased a new stake in shares of TCF Financial during the third quarter worth about $188,275,000. Wedge Capital Management L L P NC purchased a new stake in shares of TCF Financial during the fourth quarter worth about $83,140,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of TCF Financial during the third quarter worth about $57,331,000. Bank of New York Mellon Corp purchased a new stake in shares of TCF Financial during the fourth quarter worth about $57,471,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of TCF Financial during the third quarter worth about $40,868,000. 82.61% of the stock is owned by institutional investors and hedge funds.
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TCF Financial Company Profile
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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